Panic close. Gap down tomorrow. Test Oct lows this week. We are fast approaching the point of recognition by bulls that we are in a bear market.
Bear Update
Started by
RagingSpartan
, Nov 14 2018 02:08 PM
2 replies to this topic
#2
CLK
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Posted 14 November 2018 - 03:32 PM
It's opex week, no trending moves allowed. Bears failed again, 90 clean points down since the last sell signal, time is running out,
I'm flat again after being up 70 % intraday trade, gave all profit back on the usual ordered afternoon reversal, never fails.
#3
LMF
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Posted 14 November 2018 - 05:14 PM
I usually call the chart condition with weekly MACD below zero a bear market.....it's not an exact thing, but it doesn't need to be. QQQ and RUT and transports are there and that's all that's needed for this market. It will not matter if the SPX or DJIA are there exactly.....they're all heading in that direction. And the VIX is definitely in a bull market for now. I like the fact that the utilities are still ok, because that should be signalling the end of the Fed rate hike cycle.
